All of the assets of the system shall be held and invested in the Kentucky employees retirement fund and credited, according to the purpose for which they are held, to one (1) of three (3) accounts, namely, the members’ account, the retirement allowance account, and accounts established pursuant to 26 U.S.C. § 401(h) within the funds established in KRS § 16.510, 61.515, and 78.520, as prescribed by KRS § 61.702(2)(b).
Effective: July 1, 2013

Terms Used In Kentucky Statutes 61.570

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

History: Amended 2013 Ky. Acts ch. 120, sec. 54, effective July 1, 2013. — Amended
2009 Ky. Acts ch. 77, sec. 12, effective June 25, 2009. — Created 1956 Ky. Acts ch.
110, sec. 13.

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